The Real Estate Encyclopedia
Secondary Mortgage Market
Category - Real Estate Glossary - Real Estate Terminology

A market for the purchase and sale of existing mortgages, designed to provide greater liquidity for mortgages; also called the Secondary Money Market. Mortgages are first originated in the Primary Mortgage Market.

Most lenders sell the loans they originate to large-scale, national investors such as Freddie Mac and Fannie Mae. This allows them to recycle their money to be able to lend out again.


Real Estate Glossary - Real Estate Terminology
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